Detailed report
PDF Version
Insolvency Statistics in Canada
February 2015
619 KB, 7 pages
Tables
- Table 1: Total Insolvencies
- Table 2: Insolvencies Filed by Consumers
- Table 3: Insolvencies Filed by Businesses
- Table 4: Insolvencies by NAICS Economic Sectors, Canada
Note:
Monthly statistics for insolvency volumes tend to vary widely. Quarterly and annual statistics can be more indicative of the evolution of insolvency volumes.
Definitions
- Consumer:
- An individual with more than 50 percent of total liabilities related to consumer goods and services.
- Business:
- Any commercial entity or organization other than an individual, or an individual who has incurred 50 percent or more of total liabilities as a result of operating a business.
- Bankruptcy:
- The state of a consumer or a business that has made an assignment in bankruptcy or against whom a bankruptcy order has been made.
- Proposal:
- An offer to creditors to settle debts under conditions other than the existing terms. A proposal is a formal agreement under the Bankruptcy and Insolvency Act.
- NAICS:
- North American Industry Classification System.
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2015 | Jan. 2015 | Feb. 2014 | Jan. 2015 to Feb. 2015 | Feb. 2014 to Feb. 2015 | 02-28-2015 | 02-28-2014 | % change | |
| Newfoundland and Labrador | 147 | 108 | 128 | 36.1 | 14.8 | 1,592 | 1,656 | -3.9 |
| Bankruptcies | 123 | 92 | 116 | 33.7 | 6.0 | 1,373 | 1,492 | -8.0 |
| Proposals | 24 | 16 | 12 | 50.0 | 100.0 | 219 | 164 | 33.5 |
| Prince Edward Island | 62 | 43 | 48 | 44.2 | 29.2 | 732 | 655 | 11.8 |
| Bankruptcies | 42 | 33 | 29 | 27.3 | 44.8 | 513 | 458 | 12.0 |
| Proposals | 20 | 10 | 19 | 100.0 | 5.3 | 219 | 197 | 11.2 |
| Nova Scotia | 398 | 368 | 434 | 8.2 | -8.3 | 5,334 | 4,847 | 10.0 |
| Bankruptcies | 255 | 251 | 287 | 1.6 | -11.1 | 3,799 | 3,407 | 11.5 |
| Proposals | 143 | 117 | 147 | 22.2 | -2.7 | 1,535 | 1,440 | 6.6 |
| New Brunswick | 313 | 261 | 333 | 19.9 | -6.0 | 4,326 | 4,072 | 6.2 |
| Bankruptcies | 206 | 167 | 236 | 23.4 | -12.7 | 3,011 | 2,902 | 3.8 |
| Proposals | 107 | 94 | 97 | 13.8 | 10.3 | 1,315 | 1,170 | 12.4 |
| Quebec | 3,884 | 3,558 | 3,670 | 9.2 | 5.8 | 44,212 | 42,468 | 4.1 |
| Bankruptcies | 2,070 | 1,921 | 2,188 | 7.8 | -5.4 | 25,843 | 26,733 | -3.3 |
| Proposals | 1,814 | 1,637 | 1,482 | 10.8 | 22.4 | 18,369 | 15,735 | 16.7 |
| Ontario | 3,227 | 2,888 | 3,425 | 11.7 | -5.8 | 41,775 | 44,882 | -6.9 |
| Bankruptcies | 1,467 | 1,273 | 1,566 | 15.2 | -6.3 | 19,828 | 22,400 | -11.5 |
| Proposals | 1,760 | 1,615 | 1,859 | 9.0 | -5.3 | 21,947 | 22,482 | -2.4 |
| Manitoba | 161 | 147 | 130 | 9.5 | 23.8 | 2,004 | 1,922 | 4.3 |
| Bankruptcies | 85 | 90 | 84 | -5.6 | 1.2 | 1,263 | 1,266 | -0.2 |
| Proposals | 76 | 57 | 46 | 33.3 | 65.2 | 741 | 656 | 13.0 |
| Saskatchewan | 171 | 143 | 154 | 19.6 | 11.0 | 2,056 | 1,867 | 10.1 |
| Bankruptcies | 82 | 71 | 90 | 15.5 | -8.9 | 1,146 | 1,135 | 1.0 |
| Proposals | 89 | 72 | 64 | 23.6 | 39.1 | 910 | 732 | 24.3 |
| Alberta | 744 | 652 | 679 | 14.1 | 9.6 | 8,495 | 8,311 | 2.2 |
| Bankruptcies | 336 | 287 | 313 | 17.1 | 7.3 | 3,931 | 4,600 | -14.5 |
| Proposals | 408 | 365 | 366 | 11.8 | 11.5 | 4,564 | 3,711 | 23.0 |
| British Columbia | 964 | 910 | 921 | 5.9 | 4.7 | 11,733 | 11,926 | -1.6 |
| Bankruptcies | 524 | 521 | 541 | 0.6 | -3.1 | 6,550 | 7,153 | -8.4 |
| Proposals | 440 | 389 | 380 | 13.1 | 15.8 | 5,183 | 4,773 | 8.6 |
| Northwest Territories | 2 | 1 | 4 | 100.0 | -50.0 | 48 | 49 | -2.0 |
| Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 25 | 29 | -13.8 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 23 | 20 | 15.0 |
| Yukon | 4 | 3 | 3 | 33.3 | 33.3 | 39 | 33 | 18.2 |
| Bankruptcies | 4 | 1 | 1 | 300.0 | 300.0 | 21 | 25 | -16.0 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 18 | 8 | 125.0 |
| Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 5 | 8 | -37.5 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 3 | 5 | -40.0 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 3 | -33.3 |
| Canada | 10,077 | 9,083 | 9,930 | 10.9 | 1.5 | 122,351 | 122,696 | -0.3 |
| Bankruptcies | 5,195 | 4,707 | 5,453 | 10.4 | -4.7 | 67,306 | 71,605 | -6.0 |
| Proposals | 4,882 | 4,376 | 4,477 | 11.6 | 9.0 | 55,045 | 51,091 | 7.7 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2015 | Jan. 2015 | Feb. 2014 | Jan. 2015 to Feb. 2015 | Feb. 2014 to Feb. 2015 | 02-28-2015 | 02-28-2014 | % change | |
| Newfoundland and Labrador | 144 | 107 | 127 | 34.6 | 13.4 | 1,563 | 1,625 | -3.8 |
| Bankruptcies | 121 | 91 | 115 | 33.0 | 5.2 | 1,347 | 1,471 | -8.4 |
| Proposals | 23 | 16 | 12 | 43.8 | 91.7 | 216 | 154 | 40.3 |
| Prince Edward Island | 61 | 42 | 48 | 45.2 | 27.1 | 712 | 638 | 11.6 |
| Bankruptcies | 41 | 33 | 29 | 24.2 | 41.4 | 499 | 446 | 11.9 |
| Proposals | 20 | 9 | 19 | 122.2 | 5.3 | 213 | 192 | 10.9 |
| Nova Scotia | 392 | 360 | 427 | 8.9 | -8.2 | 5,254 | 4,748 | 10.7 |
| Bankruptcies | 253 | 246 | 284 | 2.8 | -10.9 | 3,746 | 3,334 | 12.4 |
| Proposals | 139 | 114 | 143 | 21.9 | -2.8 | 1,508 | 1,414 | 6.6 |
| New Brunswick | 306 | 254 | 327 | 20.5 | -6.4 | 4,236 | 3,992 | 6.1 |
| Bankruptcies | 203 | 164 | 233 | 23.8 | -12.9 | 2,945 | 2,839 | 3.7 |
| Proposals | 103 | 90 | 94 | 14.4 | 9.6 | 1,291 | 1,153 | 12.0 |
| Quebec | 3,687 | 3,373 | 3,465 | 9.3 | 6.4 | 41,863 | 40,282 | 3.9 |
| Bankruptcies | 1,926 | 1,791 | 2,039 | 7.5 | -5.5 | 24,155 | 25,126 | -3.9 |
| Proposals | 1,761 | 1,582 | 1,426 | 11.3 | 23.5 | 17,708 | 15,156 | 16.8 |
| Ontario | 3,110 | 2,807 | 3,342 | 10.8 | -6.9 | 40,670 | 43,663 | -6.9 |
| Bankruptcies | 1,380 | 1,209 | 1,511 | 14.1 | -8.7 | 18,970 | 21,457 | -11.6 |
| Proposals | 1,730 | 1,598 | 1,831 | 8.3 | -5.5 | 21,700 | 22,206 | -2.3 |
| Manitoba | 160 | 146 | 125 | 9.6 | 28.0 | 1,954 | 1,858 | 5.2 |
| Bankruptcies | 85 | 90 | 79 | -5.6 | 7.6 | 1,224 | 1,213 | 0.9 |
| Proposals | 75 | 56 | 46 | 33.9 | 63.0 | 730 | 645 | 13.2 |
| Saskatchewan | 163 | 135 | 145 | 20.7 | 12.4 | 1,943 | 1,743 | 11.5 |
| Bankruptcies | 78 | 65 | 87 | 20.0 | -10.3 | 1,074 | 1,059 | 1.4 |
| Proposals | 85 | 70 | 58 | 21.4 | 46.6 | 869 | 684 | 27.0 |
| Alberta | 737 | 640 | 663 | 15.2 | 11.2 | 8,359 | 8,128 | 2.8 |
| Bankruptcies | 332 | 278 | 302 | 19.4 | 9.9 | 3,831 | 4,469 | -14.3 |
| Proposals | 405 | 362 | 361 | 11.9 | 12.2 | 4,528 | 3,659 | 23.7 |
| British Columbia | 948 | 894 | 897 | 6.0 | 5.7 | 11,484 | 11,684 | -1.7 |
| Bankruptcies | 514 | 510 | 524 | 0.8 | -1.9 | 6,359 | 6,969 | -8.8 |
| Proposals | 434 | 384 | 373 | 13.0 | 16.4 | 5,125 | 4,715 | 8.7 |
| Northwest Territories | 2 | 1 | 4 | 100.0 | -50.0 | 48 | 49 | -2.0 |
| Bankruptcies | 1 | 0 | 2 | -- | -50.0 | 25 | 29 | -13.8 |
| Proposals | 1 | 1 | 2 | 0.0 | -50.0 | 23 | 20 | 15.0 |
| Yukon | 4 | 3 | 3 | 33.3 | 33.3 | 38 | 33 | 15.2 |
| Bankruptcies | 4 | 1 | 1 | 300.0 | 300.0 | 21 | 25 | -16.0 |
| Proposals | 0 | 2 | 2 | -100.0 | -100.0 | 17 | 8 | 112.5 |
| Nunavut | 0 | 1 | 1 | -100.0 | -100.0 | 4 | 8 | -50.0 |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 2 | 5 | -60.0 |
| Proposals | 0 | 1 | 1 | -100.0 | -100.0 | 2 | 3 | -33.3 |
| Canada | 9,714 | 8,763 | 9,574 | 10.9 | 1.5 | 118,128 | 118,451 | -0.3 |
| Bankruptcies | 4,938 | 4,478 | 5,206 | 10.3 | -5.1 | 64,198 | 68,442 | -6.2 |
| Proposals | 4,776 | 4,285 | 4,368 | 11.5 | 9.3 | 53,930 | 50,009 | 7.8 |
| Province | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2015 | Jan. 2015 | Feb. 2014 | Jan. 2015 to Feb. 2015 | Feb. 2014 to Feb. 2015 | 02-28-2015 | 02-28-2014 | % change | |
| Newfoundland and Labrador | 3 | 1 | 1 | 200.0 | 200.0 | 29 | 31 | -6.5 |
| Bankruptcies | 2 | 1 | 1 | 100.0 | 100.0 | 26 | 21 | 23.8 |
| Proposals | 1 | 0 | 0 | -- | -- | 3 | 10 | -70.0 |
| Prince Edward Island | 1 | 1 | 0 | 0.0 | -- | 20 | 17 | 17.6 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 14 | 12 | 16.7 |
| Proposals | 0 | 1 | 0 | -100.0 | -- | 6 | 5 | 20.0 |
| Nova Scotia | 6 | 8 | 7 | -25.0 | -14.3 | 80 | 99 | -19.2 |
| Bankruptcies | 2 | 5 | 3 | -60.0 | -33.3 | 53 | 73 | -27.4 |
| Proposals | 4 | 3 | 4 | 33.3 | 0.0 | 27 | 26 | 3.8 |
| New Brunswick | 7 | 7 | 6 | 0.0 | 16.7 | 90 | 80 | 12.5 |
| Bankruptcies | 3 | 3 | 3 | 0.0 | 0.0 | 66 | 63 | 4.8 |
| Proposals | 4 | 4 | 3 | 0.0 | 33.3 | 24 | 17 | 41.2 |
| Quebec | 197 | 185 | 205 | 6.5 | -3.9 | 2,349 | 2,186 | 7.5 |
| Bankruptcies | 144 | 130 | 149 | 10.8 | -3.4 | 1,688 | 1,607 | 5.0 |
| Proposals | 53 | 55 | 56 | -3.6 | -5.4 | 661 | 579 | 14.2 |
| Ontario | 117 | 81 | 83 | 44.4 | 41.0 | 1,105 | 1,219 | -9.4 |
| Bankruptcies | 87 | 64 | 55 | 35.9 | 58.2 | 858 | 943 | -9.0 |
| Proposals | 30 | 17 | 28 | 76.5 | 7.1 | 247 | 276 | -10.5 |
| Manitoba | 1 | 1 | 5 | 0.0 | -80.0 | 50 | 64 | -21.9 |
| Bankruptcies | 0 | 0 | 5 | -- | -100.0 | 39 | 53 | -26.4 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 11 | 11 | 0.0 |
| Saskatchewan | 8 | 8 | 9 | 0.0 | -11.1 | 113 | 124 | -8.9 |
| Bankruptcies | 4 | 6 | 3 | -33.3 | 33.3 | 72 | 76 | -5.3 |
| Proposals | 4 | 2 | 6 | 100.0 | -33.3 | 41 | 48 | -14.6 |
| Alberta | 7 | 12 | 16 | -41.7 | -56.3 | 136 | 183 | -25.7 |
| Bankruptcies | 4 | 9 | 11 | -55.6 | -63.6 | 100 | 131 | -23.7 |
| Proposals | 3 | 3 | 5 | 0.0 | -40.0 | 36 | 52 | -30.8 |
| British Columbia | 16 | 16 | 24 | 0.0 | -33.3 | 249 | 242 | 2.9 |
| Bankruptcies | 10 | 11 | 17 | -9.1 | -41.2 | 191 | 184 | 3.8 |
| Proposals | 6 | 5 | 7 | 20.0 | -14.3 | 58 | 58 | 0.0 |
| Northwest Territories | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Yukon | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Nunavut | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Canada | 363 | 320 | 356 | 13.4 | 2.0 | 4,223 | 4,245 | -0.5 |
| Bankruptcies | 257 | 229 | 247 | 12.2 | 4.0 | 3,108 | 3,163 | -1.7 |
| Proposals | 106 | 91 | 109 | 16.5 | -2.8 | 1,115 | 1,082 | 3.0 |
| Sector | Volume | % Change | 12-Month Period Ending | |||||
|---|---|---|---|---|---|---|---|---|
| Feb. 2015 | Jan. 2015 | Feb. 2014 | Jan. 2015 to Feb. 2015 | Feb. 2014 to Feb. 2015 | 02-28-2015 | 02-28-2014 | % change | |
| Agriculture, Forestry, Fishing and Hunting | 8 | 7 | 5 | 14.3 | 60.0 | 89 | 128 | -30.5 |
| Bankruptcies | 1 | 7 | 4 | -85.7 | -75.0 | 56 | 92 | -39.1 |
| Proposals | 7 | 0 | 1 | -- | 600.0 | 33 | 36 | -8.3 |
| Mining and Oil and Gas Extraction | 4 | 3 | 3 | 33.3 | 33.3 | 41 | 39 | 5.1 |
| Bankruptcies | 1 | 1 | 3 | 0.0 | -66.7 | 17 | 20 | -15.0 |
| Proposals | 3 | 2 | 0 | 50.0 | -- | 24 | 19 | 26.3 |
| Utilities | 1 | 0 | 0 | -- | -- | 13 | 6 | 116.7 |
| Bankruptcies | 1 | 0 | 0 | -- | -- | 9 | 3 | 200.0 |
| Proposals | 0 | 0 | 0 | -- | -- | 4 | 3 | 33.3 |
| Construction | 70 | 52 | 69 | 34.6 | 1.4 | 707 | 744 | -5.0 |
| Bankruptcies | 45 | 38 | 45 | 18.4 | 0.0 | 518 | 564 | -8.2 |
| Proposals | 25 | 14 | 24 | 78.6 | 4.2 | 189 | 180 | 5.0 |
| Manufacturing | 44 | 16 | 34 | 175.0 | 29.4 | 380 | 419 | -9.3 |
| Bankruptcies | 28 | 9 | 21 | 211.1 | 33.3 | 268 | 296 | -9.5 |
| Proposals | 16 | 7 | 13 | 128.6 | 23.1 | 112 | 123 | -8.9 |
| Wholesale Trade | 17 | 24 | 14 | -29.2 | 21.4 | 232 | 225 | 3.1 |
| Bankruptcies | 10 | 13 | 8 | -23.1 | 25.0 | 154 | 154 | 0.0 |
| Proposals | 7 | 11 | 6 | -36.4 | 16.7 | 78 | 71 | 9.9 |
| Retail Trade | 50 | 45 | 40 | 11.1 | 25.0 | 508 | 520 | -2.3 |
| Bankruptcies | 39 | 29 | 30 | 34.5 | 30.0 | 375 | 418 | -10.3 |
| Proposals | 11 | 16 | 10 | -31.3 | 10.0 | 133 | 102 | 30.4 |
| Transportation and Warehousing | 16 | 21 | 23 | -23.8 | -30.4 | 272 | 233 | 16.7 |
| Bankruptcies | 11 | 15 | 14 | -26.7 | -21.4 | 186 | 181 | 2.8 |
| Proposals | 5 | 6 | 9 | -16.7 | -44.4 | 86 | 52 | 65.4 |
| Information and Cultural Industries | 10 | 2 | 4 | 400.0 | 150.0 | 74 | 55 | 34.5 |
| Bankruptcies | 8 | 0 | 4 | -- | 100.0 | 51 | 44 | 15.9 |
| Proposals | 2 | 2 | 0 | 0.0 | -- | 23 | 11 | 109.1 |
| Finance and Insurance | 6 | 12 | 8 | -50.0 | -25.0 | 87 | 71 | 22.5 |
| Bankruptcies | 5 | 7 | 6 | -28.6 | -16.7 | 67 | 57 | 17.5 |
| Proposals | 1 | 5 | 2 | -80.0 | -50.0 | 20 | 14 | 42.9 |
| Real Estate and Rental and Leasing | 10 | 7 | 9 | 42.9 | 11.1 | 133 | 145 | -8.3 |
| Bankruptcies | 5 | 6 | 8 | -16.7 | -37.5 | 98 | 111 | -11.7 |
| Proposals | 5 | 1 | 1 | 400.0 | 400.0 | 35 | 34 | 2.9 |
| Professional, Scientific and Technical Services | 20 | 26 | 29 | -23.1 | -31.0 | 310 | 306 | 1.3 |
| Bankruptcies | 17 | 20 | 23 | -15.0 | -26.1 | 247 | 218 | 13.3 |
| Proposals | 3 | 6 | 6 | -50.0 | -50.0 | 63 | 88 | -28.4 |
| Management of Companies and Enterprises | 2 | 4 | 2 | -50.0 | 0.0 | 58 | 71 | -18.3 |
| Bankruptcies | 1 | 3 | 2 | -66.7 | -50.0 | 44 | 49 | -10.2 |
| Proposals | 1 | 1 | 0 | 0.0 | -- | 14 | 22 | -36.4 |
| Administrative and Support, Waste Management and Remediation Services | 9 | 17 | 18 | -47.1 | -50.0 | 223 | 193 | 15.5 |
| Bankruptcies | 8 | 10 | 11 | -20.0 | -27.3 | 159 | 139 | 14.4 |
| Proposals | 1 | 7 | 7 | -85.7 | -85.7 | 64 | 54 | 18.5 |
| Educational Services | 6 | 3 | 5 | 100.0 | 20.0 | 54 | 36 | 50.0 |
| Bankruptcies | 6 | 3 | 5 | 100.0 | 20.0 | 46 | 29 | 58.6 |
| Proposals | 0 | 0 | 0 | -- | -- | 8 | 7 | 14.3 |
| Health Care and Social Assistance | 3 | 4 | 11 | -25.0 | -72.7 | 94 | 70 | 34.3 |
| Bankruptcies | 2 | 4 | 6 | -50.0 | -66.7 | 72 | 52 | 38.5 |
| Proposals | 1 | 0 | 5 | -- | -80.0 | 22 | 18 | 22.2 |
| Arts, Entertainment and Recreation | 8 | 3 | 13 | 166.7 | -38.5 | 81 | 80 | 1.3 |
| Bankruptcies | 7 | 3 | 11 | 133.3 | -36.4 | 66 | 68 | -2.9 |
| Proposals | 1 | 0 | 2 | -- | -50.0 | 15 | 12 | 25.0 |
| Accommodation and Food Services | 56 | 51 | 48 | 9.8 | 16.7 | 655 | 660 | -0.8 |
| Bankruptcies | 48 | 43 | 31 | 11.6 | 54.8 | 506 | 481 | 5.2 |
| Proposals | 8 | 8 | 17 | 0.0 | -52.9 | 149 | 179 | -16.8 |
| Other Services (except Public Administration) | 23 | 23 | 21 | 0.0 | 9.5 | 211 | 244 | -13.5 |
| Bankruptcies | 14 | 18 | 15 | -22.2 | -6.7 | 168 | 187 | -10.2 |
| Proposals | 9 | 5 | 6 | 80.0 | 50.0 | 43 | 57 | -24.6 |
| Public Administration | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Bankruptcies | 0 | 0 | 0 | -- | -- | 1 | 0 | -- |
| Proposals | 0 | 0 | 0 | -- | -- | 0 | 0 | -- |
| Total | 363 | 320 | 356 | 13.4 | 2.0 | 4,223 | 4,245 | -0.5 |
| Bankruptcies | 257 | 229 | 247 | 12.2 | 4.0 | 3,108 | 3,163 | -1.7 |
| Proposals | 106 | 91 | 109 | 16.5 | -2.8 | 1,115 | 1,082 | 3.0 |